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Amar Arora

amarpreetarora@gmail.com +1(647) 627-0277

Est. payment | -/mo

10 Beds

6 Baths

Save

Est. payment | -/mo

Save

10 Beds

6 Baths

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3500-5000

Subdivision Pefferlaw

MLS Listing ID N13673612

Style 2-Storey

Bedrooms 10

Annual Tax Amount $8,033

Tax Year 2025

Property Sub-Type Multiplex

Property Description

Investment opportunity for a forward thinking single investor or group. Very well maintained multi-residential 6 unit apartment building in the Village of Pefferlaw with very reliable Longterm tenants. Income statements attached as "Financials". Current Gross Income of $100,376. The Seller has made preliminary inquiries with the Town of Georgina to develop two additional basement apartments. Drawings are attached as "Potential Basement Apartments". Gross income potential if the basement is developed with Two new apartments is estimated to be $160,800. Current operating expenses are "$16,459". The Seller has also made preliminary inquires with the local authorities to sever the unused vacant land to the rear of the property. A preliminary site plan is attached as "Potential Site Re-Development". A conservative estimate of current market value of $200,000 per lot is considered reasonable with a successful severance application. There are very few building lots available in the immediate area.

Location

Province ON

County York

Area York

Zoning R3-19

Rooms

Family Room No

Basement Development Potential, Full, Separate Entrance, Walk-Up, Partially Finished

Kitchen 6

Interior

Interior Features Separate Heating Controls, Separate Hydro Meter, Sump Pump, Water Heater, Water Treatment

Cooling None

Inclusions All landlord Possessions on closing.

Exterior

Parking Features Private

Pool None

Roof Type Asphalt Shingle,Asphalt Rolled

Lot Frontage 167.0

Lot Depth 331.0

Total Parking Spaces 14

Building

Foundation Concrete, Concrete Block

Others

Senior Community No

ParcelsYN No

Listed by STEPHEN JOHN BARRETT

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(647) 627-0277

amarpreetarora@gmail.com

Learn More About LPT Realty

320 Pefferlaw RD Georgina, ON L0E 1N0